10 years after the Great Recession, there’s been no real recovery in wage growth, according to a new analysis of U.S. employee pay data by global organizational consulting firm Korn Ferry. Researchers tabulated data from more than 5.5 million employees in nearly 2,000 companies for the analysis. Here’s what they found:
Lower level employees have seen real-wage decreases since 2008, according to Korn Ferry Senior Client Partner, Tom McMullen. He attributes the slight increases for mid-level and senior managers to demand for specialized, skilled employees.
Korn Ferry Press Release, 9/13/18.